More Americans than ever plan to hold on to their tax refunds this year rather than spending the money they get from the IRS, according to the annual tax refund survey released by the National Retail Federation and Prosper Insights & Analytics. This is good news for banks and credit unions!
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Playing it safe and planning ahead, Americans plan to stash their tax refunds into savings this year. According to the National Retail FederationÛªs annual Tax Returns Survey conducted by Prosper Insights and Analytics, 47% of those expecting a refund plan to put the money into savings,